Open MaxGhenis opened 1 month ago
So, when this does work (e.g., locally), that means we're uprating by inflation, then uprating by California CPI. But I would imagine California only wants the CPI applied, and doesn't uprate its own program values for federal inflation, as well?
We want California CPI to uprate with IRS CPI, and therefore for California tax parameters to uprate with IRS CPI via California CPI.
So, for example, for the California YCTC amount param: we want IRS CPI applied, then California CPI rates applied on top of the IRS-uprated values? Are California CPI rates attuned to be applied like that? Or do we want IRS CPI skipped, then Cal. CTI applied?
What do you mean by on top of? We want CA CPI to grow with IRS CPI.
I understand better now, thanks for the details
For example, we uprate the California dependent exemption by the California CPI:
https://github.com/PolicyEngine/policyengine-us/blob/master/policyengine_us/parameters/gov/states/ca/tax/income/exemptions/dependent_amount.yaml
And we uprate the California CPI by the IRS CPI (as it's only available through 2023):
https://github.com/PolicyEngine/policyengine-us/blob/master/policyengine_us/parameters/gov/states/ca/cpi.yaml
But the dependent exemption isn't uprated beyond 2023:
https://policyengine.org/us/policy?focus=gov.states.ca.tax.income.exemptions.dependent_amount&timePeriod=2023&baseline=2